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    1650 Beltline Hwy Mobile, AL 36693
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    1650 Beltline Hwy Mobile, AL 36693

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    • Retail properties & Spaces
    • 23,467 SF
    For Lease
    $9 SF/Yr
    View Listing →
    Mobile Retail Space - Beltline Hwy For Lease
    $9 SF/Yr

    Mobile Retail Space - Beltline Hwy

    Large Retail Building, High Visibility, Mobile, AL

    1650 Beltline Hwy, Mobile, AL 36693
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1650 Beltline Hwy

    Year built
    1980
    Property size
    23,467 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail property, located at 1650 South Beltline Highway in Mobile, Alabama, presents a significant opportunity for a single tenant. Boasting a substantial 23,467 square feet of vacant space, this building offers ample room for a variety of retail uses. Constructed in 1980, the property sits on a 1.28-acre lot, providing excellent visibility and accessibility from the busy Beltline Highway. The building's single-tenant occupancy allows for complete customization and control over the space. With 13 parking spaces available, customer convenience is ensured. The property is situated in Mobile County, Alabama, and offers a prime location for businesses seeking high traffic exposure. The zip code is 36693. This is a rare opportunity to secure a large, well-located retail space in a thriving market. The property is currently available for lease and presents a blank canvas for a discerning tenant to establish a successful retail operation. Its size and location make it ideal for a variety of retail concepts, offering significant potential for growth and profitability. The ample parking ensures convenient access for customers and employees alike. This property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1253
    Latitude
    30.6562

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      3943 Government Blvd

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      3759 Industrial Park Dr

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    • Value Estimation
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      3957 Demetropolis Rd

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    • Value Estimation by Request
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      928 Butler Dr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,779 SF
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    Similar Nearby for Sale

    • Contact for pricing

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      Mobile Office/Retail Building For Sale

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      Automotive Facility Fronting I-65

      Automotive/service facility on 1.28 acres with I-65 frontage.
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    Similar Nearby for Lease

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      Mobile Retail Space - High Traffic Area

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      Mobile Office Space: Knollwood Drive

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      Mobile Retail Space - Cottage Hill Rd

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    • $1,500 /Mo
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      Mobile Office Space - I-65 Beltline

      1500 sq ft office, prime Beltline location.
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    • $9 SF/Yr
      23,467 SF

      Mobile Retail Space - Beltline Hwy

      Large Retail Building, High Visibility, Mobile, AL
      1650 Beltline Hwy, Mobile, AL 36693
      View Details
    • $7 SF/Yr
      12,000 SF

      Mobile Retail Center - 12,000 SF

      High-visibility retail space near I-65.
      4130 Government Blvd, Mobile, AL 36693
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    Mobile, AL 36693
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    1650 Beltline Hwy, Mobile, AL, 36693
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